. >> move on to item number 8 david a. jensen, whistleblower program manager. >> good morning membe crawford and public commissioners my name is is david a. jensen, whistleblower program manager. with me is our director mark and with me is steve and eric of the whistleblower program thank you for the opportunity to speak with you today and give you a couple of updates and some of the information you've not seen before so we'll gear to go through that as quickly and possible of the whistleblower program is a program that is authorized by the state and local legislation. next slide, please. some of this legislation spelled out within and misuse of the city fund by the city offers and the delivery of government services and the and the enabling legislation spells other what is not in the jurisdiction to investigate and two oat city departments are involved and go to the. next slide, please. . to help us do this we were professionals to handle these reports that we received and that includes some of the small business has paralegal c

. >> move on to item number 8 david a. jensenistleblower program manager. >> good morning member crawford and public commissioners my name is is david a. jensen, whistleblower program manager. with me is our director mark and with me is steve and eric of the whistleblower program thank you for the opportunity to speak with you today and give you a couple of updates and some of the information you've not seen before so we'll gear to go through that as quickly and possible of the whistleblower program is a program that is authorized by the state and local legislation. next slide, please. some of this legislation spelled out within and misuse of the city fund by the city offers and the delivery of government services and the and the enabling legislation spells other what is not in the jurisdiction to investigate and two oat city departments are involved and go to the. next slide, please. . to help us do this we were professionals to handle these reports that we received and that includes some of the small business has paralegal cert

a very special guest. jim? >> thank you so much, david and sara. i am with jensenng, jensen, the woodstock of ai. but isn't it much more than that? isn't it about a change in everything we do when it comes to digital, when it comes to creating, comes to thinking? you're changing that. isn't that what we're doing out here? >> yeah. this is an incredible conference. this is nvidia's developer conference. everything that we do starts with software. everything we do starts with software. everything we do is in service with all the software developers solving these difficult algorithms. we are represented by $100 trillion of industry here. health care is here, financial services are here, manufacturing, industrial, automotive, climate, tech, you know, holy cow, communications is here, consumers are here. >> but people always think of you as hardware. you're talking about a different platform, a system that, frankly, may be unassailable from competitors. once these companies get involved with you they're going to stick with nvidia. >> it's specialized way of doing accele

jensen -- not really a chip. it's like a box that jensen has. so, there's room. there's room for cpus, but in the end, davidthere was room for ibm too, you know? >> yeah, well, there still is. >> yes, there is. ibm is a very good partner with nvidia, by the way. >> all right, let's move on. speaking of potential partners, let's move on to the story this morning, jim, because it's an interesting one. it's got both apple shares and even more so alphabet, which hasn't been doing particularly well this year, they're both up. it's a bloomberg story in which they cite sources saying that apple's in talks to build google's gemini a.i. engine and be a part of the iphone, essentially. both companies, apparently, having active discussions about apple licensing gemini, and then it being able to power their new features and things of that nature, things we're waiting for, of course. we may get some details around come june. also, by the way, the report says apple recently held discussions as well with openai, may consider using its model. give me your take. i don't have a lot of additional reporting here. i think we ce

a "mad dash." chipotle is on the menu. >> yes. yesterday, i pressed jensen huang to give us a big split, because i said that individuals love splits, even though they don't create value. well, david listening to this call. they're doing a 50 to 1 stock split. r you can see what's happening. they're doing it so employees get stock and employees want -- this is much easier for employees to understand, but david, the individual wants this. the institutions hate it because it means more commission dollars. it hurts the s&p, because -- for these index funds because they add more friction, but the individual goes crazy. there is nothing new with chipotle, except for this 50 to 1. look what it's doing. a 50 to 1 and the stock has a major move. this is what corporate america should be listening to. this is how you get individuals involved with your stock. >> really? that's still the case, even with all these short-dated options and all these other ways to do things? it still matters to people? >> you're so right to ask that. >> $29 instead of $2,943? >> that's the right question. but doug mcmillon at walmart said that sam walton had done an analysis of this for his employees. there are p

a part of their ongoing business. >> it is, but, david, if they hadn't mentioned it obliquely jensen huang, the stocks would be downhuang versus david faber. >> no, it's not. back to bytedance quickly. the owner of tiktok is valued at about $270 billion on its last round. >> are you sure? >> yeah, 270 billion. >> geez. >> and you know who owns 15% of this? susquehanna. >> susquehanna, the trading firm. >> smart guys out of binghamton and came to philadelphia. >> made the investment a long time ago. >> delightful. >> $5 million investing round in 2012 when bytedance was formed. 15% of bytedance, it's a 270 billion call it value. maybe less if this tiktok ban really does something really happens there. by the way, tiktok ban happens, snap, meta, i mean, think about all the beneficiaries as well. >> look, i'm going west in a couple weeks and you just know, periodically you hear somebody say susquehanna, they tend to be mathematicians in the east, computer scientists in the west and it matters. hey, by the way, there's a positive piece about youtube today picking up some advertising off of this. youtube, that's alphabe

that's when jensen's, like, you need a robot that sees around the corner i'm like, what doesn't that robot do i'm glad david'savid would be saying we have to smash the robots >> sky net's growing self-aware. >> by the way, isn't there a simulation on the ten? >> on the ten? yes, we're going to keep that a surprise >> yes we are, but it's a special simulation coming. >>> meantime, the opening bell is coming up in less than five minutes, and don't forget. you can catch us any time, anywhere just listen to and follow the "squawk on the street: opening bell" podcast. to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise fro

jensen huang a lot. give me your take overall in terms of where things stand because of the advances when it comes to generative ai? >> sure. thanks, davidow i think about things. it's all about going forward. it's from here in terms of our portfolios and how we're thinking about sizing position and relative risk-reward in the names of those portfolios. you know, as it relates to semiconductors in general, you talked a lot about generative ai. it's got a lot of focus. everybody knows about it, gtc wassing was -- was a big event this week. there's more than just generative ai, right. you've got the cyclical dynamic that's been massive due to covid. you had the shortages and then the oversupply and we're kind of coming through that. you add in the whole geopolitical overlay, it's made semiconductors probably the most interesting space you've seen in 20 plus years in terms of people thinking about domestic supply, how to, you know, make sure you have assurance of supply across all geographies, and different dynamics going on across all of these other end markets from pcss to autos and smartphones. so i do think overall, ai will have a big o

david, thinks that already many of us are not real. and i said, that was a joke. but colette said, look, come on. we're not there yet. >> i do share elon musk's concern, without a doubt. >> jensenaid, try stopping it. you got to put the guardrails, but try stopping it. >> there aren't going to be guardrails either, and the fact that all those sovereigns will be developing their own, but you can't stop it. >> john connor is your son? better hope so. remember when terminator 2, he tricked the vicious terminator into admitting that wolfy, remember, the dog -- >> sure, fantastic moment. >> no fate. no fate. yes. >> david's in that doom. i'm in that, let's go back to equinox. >> we'll have equinex. that will be great when the end is here. we'll own that. >> maybe that will end the spacs. >> the spacs -- >> that's what it took. there's a lot of news on apple today, down in the premarket. the eu does fine the company nearly $2 billion, alleging it abused its market position for music streaming app distribution, stifling competition from rival services. apple says it will appeal that, claiming the eu failed to uncover any credible evidence of consumer harm, although regulators say the